The typical asking rate per listing is in the $10's per square foot per year. The Jordan region is experiencing a a boost in rates. In the last 3 months, the median rate went up $16 per sqft per year.
Compared to the rest of the Minneapolis market, the Jordan submarket has lower rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 14 listings have come on the market, which means spaces might be going fast. You'll want to be prepared to make an offer immediately. About 14% of the available leases in the Jordan are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,310 sqft. Most buildings in this market are around 1 floors. Most buildings in this region were built in 1954.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this region. Commute by walking is the most popular way to get to work amongst Jordan folk. Commuting approximately an hour and a half a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Jordan.
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